INCOME TAX ASSESSMENT ACT 1997
The amount of *debt deduction disallowed under subsection 820-395(1) is worked out using the following formula:
|Debt deduction ×||
means the average value, for the income year, of all the *debt capital of the entity that gives rise to *debt deductions of the entity (other than *allowable OB deductions) for that or any other income year.
means the amount by which the entity ' s *average equity capital for that year (see subsection 820-395(3) ) is less than the entity ' s *minimum capital amount for that year.
The disallowed amount also does not form part of the cost base of a CGT asset. See section 110-54 .